Tianci International signs $500K crypto mining deal
Tianci International, Inc. (CIIT), through its wholly owned subsidiary Tianci Group Holding Limited, entered into an Equipment Procurement Agreement on August 21, 2026 with McQueen Tech Co., Limited of Hong Kong.
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Rhea-AI Filing Summary
Tianci International, Inc. (CIIT), through its wholly owned subsidiary Tianci Group Holding Limited, entered into an Equipment Procurement Agreement on August 21, 2026 with McQueen Tech Co., Limited of Hong Kong. McQueen will sell Tianci Group US$500,000 of Bitmain Model S21 XP cryptocurrency mining equipment. The agreement provides that Tianci Group will pay US$250,000 on or before August 31, 2026 to a bank account designated by McQueen, with the remaining purchase price payable after Tianci Group completes inspection of the delivered equipment. McQueen will also, without additional consideration, help identify suitable hosting locations and provide advisory services for deployment and operation. The agreement states that Tianci Group plans to enter the cryptocurrency mining business to facilitate settlement of mining trade operations conducted by Tianci International, Inc. and its subsidiaries.
Filing Explained
The August 21 agreement creates a disclosed payment obligation by
8-K Event Classification
Key Figures
Key Terms
Equipment Procurement Agreement financial
cryptocurrency mining equipment technical
Emerging growth company regulatory
hosting locations technical
mining trade operations financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What agreement did Tianci International, Inc. (CIIT) enter into on August 21, 2026?
How much is Tianci International, Inc. (CIIT) spending on cryptocurrency mining equipment?
What is the payment schedule under Tianci International, Inc. (CIIT)'s equipment agreement?
What additional services will McQueen provide to Tianci International, Inc. (CIIT) under the agreement?
Why is Tianci International, Inc. (CIIT) entering the cryptocurrency mining business?
Which subsidiary of Tianci International, Inc. (CIIT) is party to the equipment agreement?
AI-generated analysis. How Rhea-AI works. Not financial advice.